2023 MKD to MAD Historical Review

YEARLY HIGH

0.1823 MAD

YEARLY LOW

0.1723 MAD

YEARLY AVERAGE

0.1778 MAD

2023 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.1823. Conversely, the yearly low was recorded on July 8, dropping to 0.1723.

This high-to-low spread represents a total annual volatility of 0.0100 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1789 to the December average rate of 0.1781, the exchange rate registered a net change of -0.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1823 was up 0.41% compared to the 2022 peak of 0.1816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 911 MAD

2022 Average 867 MAD

Yearly Trough Low 861 MAD

Transaction Impact: A difference of 50.01 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1810

0.1743

JanuMarcMayJulySeptNove

MKD to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1788, compared to 0.1768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.1788

H2 Avg (Jul–Dec) 0.1768

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0066 MAD (High: 0.1793 / Low: 0.1727). On the other end, February was the most stable month, with a tight range of 0.0022 MAD (High: 0.1803 / Low: 0.1780).

August Spread (Volatile) ±0.0066

February Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1804) against the same month in 2022 (average: 0.1725), the exchange rate shifted by +0.0079 (+4.61%).

2023 Avg (April) 0.1804

2022 Avg (April) 0.1725

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1810	0.1765	0.1789
February	0.1803	0.1780	0.1791
March	0.1811	0.1785	0.1795
April	0.1823	0.1772	0.1804
May	0.1798	0.1763	0.1783
June	0.1777	0.1746	0.1767
July	0.1777	0.1723	0.1748
August	0.1793	0.1727	0.1754
September	0.1794	0.1757	0.1775
October	0.1788	0.1743	0.1764
November	0.1804	0.1752	0.1784
December	0.1806	0.1766	0.1781